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We analyze investment decisions when information is costly, with and without delegation to an agent. We use a rational-inattention model and compare it with a canonical signal-extraction model. We identify three "investment conditions". In "sour" conditions, no information is acquired and no...
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diverse factors might affect people’s institutional confidence in China and Taiwan. The empirical results reveal that Chinese … have higher degrees of trust toward both public and private institutions. Additionally, Chinese have higher confidence in … ones. We also find that Chinese confidence in public institutions is associated with younger generation, better education …
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"China's rise as an economic power has posed some challenging questions: how did China achieve GDP growth that was even … country as many observers expected? And can China sustain its rapid economic growth with its existing social system … historical relationship between institutions and economic development in China, drawing comparisons with England, Japan and other …
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